PH unemployment dips 4.3% in May

By Julito G. Rada

THE country’s unemployment rate dropped to 4.3 percent in May 2023 from 6 percent a year ago and 4.5 percent in April 2023 as 2.18 million more jobs were created during the month, the Philippine Statistics Authority (PSA) said Friday.

National statistician and civil registrar general Dennis Mapa said in an online briefing this was the second-lowest unemployment rate since April 2005.

“The May 2023 unemployment rate was the second lowest since April 2005, following the 4.2 percent unemployment rate in November 2022,” Mapa said.

“2.18 million jobs were added for the month and of that number, close